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You are here News Economy White House to impose 25% tariff on $50bn worth of Chinese goods

White House to impose 25% tariff on $50bn worth of Chinese goods

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WH to impose 25% tariff on many Chinese goodsThe White House has taken aggressive new steps in its effort to reduce a $337bn trade deficit with China, announcing that it will impose a 25% tariff on $50bn of Chinese goods containing “industrially significant technology”

The White House has taken aggressive new steps in its effort to reduce a $337bn trade deficit with China, announcing that it will impose a 25% tariff on $50bn of Chinese goods containing “industrially significant technology”.

“From now on, we expect trading relationships to be fair and to be reciprocal,” Donald Trump said in statement.

The White House said China had “pursued industrial policies and unfair trade practices including dumping, discriminatory non-tariff barriers, forced technology transfer, over capacity, and industrial subsidies that champion Chinese firms and make it impossible for many United States firms to compete on a level playing field”.

The new tariffs will cover goods related to the “Made in China 2025” program the administration claims “harm companies in the United States and around the world”.

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